mr. barrett. mr. farah, you're recognized now for five minutes. >> members of the task force, thank you very much for the opportunity to testimony about the dangerous nexus between terrorism, crime and corruption. i speak only on behalf of myself, and not on behalf of the institutions i'm affiliated with. i'm going to focus on latin america where we see this in new and dangerous forms. the convergence of the crime and corruption are the core at what i believe is a significant strategic threat to the united states. i described this emerging tier one security prior as criminalized state. that is states that actively use transnational organized crime as an instrument of state craft, rely on the revenues from illicit activities to fund themselves and often overlap this protective mechanism with terrorist organizations. in our hemisphere we're primarily seek this in the network that operates from venezuela, where you have the political project, the joint political project among multiple nations who is harm

mr. barrett, you are recognized for five minutes. can you turn your microphone on please? mr. barrett: thank you chairman. it is an honor to testify before you today on this issue of perennial concern. although terrorism along with , other forms of violent crime lacks a profit motive any , terrorist attack costs money. and is reasonable to assume that for the less money that the terrorist group has available, the less aid there will be to mount an attack. and if it does so limited finances will result in limited impact. terrorism is a semester by nature and in all its suspects financially. and and a cheap attack and devastating impact. for example, the last al qaeda attack of the western country occurred in my country. four individuals associated with al qaeda blew themselves up on the public transport system in london. they killed 52 people. the official inquiry estimated it would cost less than 8,000 pounds. the group appears to have raised the necessary cash. he had a reasonable credit rating, multiple bank accounts. he defaulted on his personal loan repayments. so very diff

mr. barrett. you started in your testimony that corruption along with other forms of poor governance, particularly in the delivery of justice is the most significant driver of terrorism in the world today. i was asking want to know maybe and you can elaborate on what role the financial services committee with our oversight authority of international monetary organizations, what role can we play in better ensuring governance in nation struggling with terrorist organizations. >> well i think -- go ahead. >> well, i think that what you're doing is absolutely right. i think that as corruption, corrupt officials and criminalalty and so on, is such a driver of terrorism in these areas where essentially the people are completely dissatisfied that the more you can sanction those individuals as government leaders and others who are involved in the corrupt practices and in the financial skull dugry that goes on in the general criminal world and the less dissatisfied people will be. if they see justice being

mr. barrett. you stated that corruption along with other governments maybe you can elaborate on rock -- what role the financial services committee with our oversight authority of international monetary organizations, what role can we play in better insuring governance and nation struggling with terrorist organizations. >> what you're doing is right. as corrupt officials, lack of the rule of law is such a driver of terrorism in these areas were essentially people are completely dissatisfied with what is provided by government the more you can sanction those individuals as government leaders and others involved in the corrupt practices, and in the financial skulduggery that goes on. in the general criminal world the less dissatisfied people will be if they see justice being served at least in another jurisdiction, even if not in their own, this will be very encouraging for them. it has a knock on effect on the terrorist problem. >> i would like to thank the witnesses for their testimony and time her

mr. o'rourke had been with the -- has been with the company since 2009. in an executive capacity. before that he was an executive with barrettent president and ceo will step down -- effective august 5th to be replaced by current coo james o'rourke. back over to you, melissa. >> thank you, dom. we haven't talked about fertilizers in a very long time. here we are. >> we're starting to see activity in this space. some of the m & a activity is starting to percolate with the food trade and the ags all together, they have been out of favor. potash i like demand and supply balances are in the supply now. >> let's get to josh lipton, with the roundup of the cisco call. >> well, on the call melissa, the cisco call we finally did hear from incoming ceo chuck rob robbins robbins. take a listen to what he had to say to analysts. >> i want to spend the next 90 days just talking to our leadership team, our employees, our customers, our partners, our shareholders, analysts, to really just make sure that the theories and the things that i think we should be doing are in alignment. and i'm going to focus beyond that -- beyond that we'll focu